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WestBond Purchases New High-Speed Machinery
September 3rd 2003
WestBond Enterprises has taken delivery of another high-speed, high-efficiency, paper-converting machine that will greatly increase capacity. The new machinery will provide WestBond with the ability to compete in markets that it is not now servicing.

The equipment will supplement a similar machine that was purchased two years ago and produces the large jumbo rolls of toilet paper and centre-pull towels for the personal hygiene product line. WestBond has experienced greater-than-expected growth in the personal hygiene product line and the new machine will increase the capacity for these products by over 400,000 cases per year, equivalent to approximately $10-million. In addition, the new machine will allow the company to produce roll products that cannot be run on the existing machine, allowing WestBond to service additional areas and increase revenues.

The new machine should be operational by the end of September, 2003, and will allow WestBond to dedicate one machine to bathroom tissue and the other to roll towel products. Lower costs and higher profit margins will result from the elimination of changeover downtime and from reduced wear and tear on certain components.

WestBond has received a $400,000 five-year term loan from the Bank of Nova Scotia at prime plus 1.5 per cent to pay for the new machinery.

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